News

Feb 02
BAS Demystified: An Australian Checklist for Success

BAS Demystified: An Australian Checklist for Success

Did I include everything in my BAS? What if I missed something important? If these questions sound familiar, you're not alone. For many Australian business owners, preparing a Business Activity Statement (BAS) can feel like guiding a ship through a stormy sea of numbers and regulations. It's a crucial part... read more →
Feb 02
Tax Planning for Small Businesses: Strategies for Maximising Savings

Tax Planning for Small Businesses: Strategies for Maximising Savings

Tax planning for small businesses in Australia can often feel overwhelming. Yet, it's critical for running a successful enterprise. Effective tax planning is fundamental to your business's financial health and growth. For small business owners, understanding and implementing innovative tax strategies is about taking opportunities to improve your savings and... read more →
Feb 02
Demystifying Bookkeeping: A Step-by-Step Guide for Entrepreneurs

Demystifying Bookkeeping: A Step-by-Step Guide for Entrepreneurs

As an Australian entrepreneur, bookkeeping might seem like a maze of numbers and rules, often leading to feelings of anxiety and uncertainty. It's common to feel overwhelmed by the intricacies of financial management, especially when it involves the legality of your business. But here's the truth: effective bookkeeping is not... read more →
Feb 02
Dec 14
Startup to Success: The Role of Bookkeeping for New Businesses | Tax On Tax Off

Startup to Success: The Role of Bookkeeping for New Businesses

Are you a new business owner considering the benefits of investing in bookkeeping? Many business people often overlook the critical aspect of bookkeeping for startup businesses. Understanding the paramount importance of bookkeeping is essential for gaining insight into how the intricacies and fine distinctions of this practice can intricately build... read more →
Nov 30
Navigate the Future of Payroll: Emerging Trends and Technologies

Navigate the Future of Payroll: Emerging Trends and Technologies

In the ever-evolving landscape of business operations, managing payroll has become increasingly complex due to the introduction of new technologies and practices that require businesses to stay ahead of the curve. Let's take a look at the rapidly changing payroll trends and how businesses can stay ahead of the curve... read more →
Nov 09
The Role of a Bookkeeper vs Accountant

The Role of a Bookkeeper vs Accountant

In the complex web of financial management, the roles of a bookkeeper vs accountant play vital yet distinct parts. While "bookkeeping" and "accounting" are often used interchangeably, understanding the subtle differences between the two is key to grasping their unique contributions within the financial sphere. Early forms of record-keeping emerged... read more →
Nov 09
Unlocking the Power of Payroll Taxes: Explore its Types & Benefits

Unlocking the Power of Payroll Taxes: Explore its Types & Benefits

What is payroll tax, and why does it matter? If you're new to the concept, understanding payroll tax is essential for comprehending its crucial role in the financial landscape. Recognising its significance in supporting various public services and government initiatives is important. What is the purpose of payroll taxes? The... read more →
Nov 21
How can I be underpaying my staff?

How can I be underpaying my staff?

Question I’ve been asked time and time again.. ‘How can I be underpaying my staff? I pay my staff an agreed salary or hourly rate on a contract they signed!’ Award classifications in various industries can be complicated and confusing at the best of times, especially in Hospitality. So many... read more →
Nov 21
Have you registered for your Director ID?

Have you registered for your Director ID?

If you haven’t heard of a Director ID, you’re probably wondering what is it and why do you need it? New legislation requires all directors of any company to be registered with a unique 15 digit Director ID by 30th November 2022! Who needs to register and why? Shareholders, employees,... read more →